OpenAI is heading towards an IPO that could happen in September

A day after Elon Musk He lost his lawsuit Threatening OpenAI’s structure, leadership and finances, the AI ​​giant is ready to move forward with its IPO, sources said. The Wall Street Journal.

OpenAI CEO Sam Altman is said to be hoping his company will be ready to go public by September. The maker of ChatGPT is working with tech IPO bankers Goldman Sachs and Morgan Stanley, and could confidentially submit IPO paperwork to regulators within days or weeks, according to the Wall Street Journal.

News of OpenAI’s potential IPO, which by all accounts should be a success, comes as the world awaits the public unveiling of SpaceX’s IPO filings, which are expected to appear on Wednesday, according to reports. Naturally, rocket manufacturer SpaceX is now one of OpenAI’s main competitors Elon Musk’s model maker, xAI.

Now that Musk has failed to screw up OpenAI, a competitor he co-founded, with a lawsuit, it looks like the next Musk vs. Altman fight will take place in the financial world. Which will be the largest IPO?

OpenAI did not immediately respond to a request for comment.